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Wirral coal merchant expansion plans after buy-out | Wirral coal merchant expansion plans after buy-out |
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WIRRAL coal merchant H&M Taylor is set for UK expansion after a takeover deal. Flintshire-based family firm Dandy’s Topsoil acquired the coal business, with depots in Heswall and Connah’s Quay, in a five-figure deal backed by the Liverpool office of Yorkshire Bank. Adam Dandy, great- great-grandson of the founder, plans to go nationwide with new website Coalandlogs.com and acquire bigger premises. Adam, who runs the business with his wife, Clare, said: "We are traditionally a seasonal business, which is always very busy in the summer months, but quieter in the winter, and this acquisition should even out the highs and lows throughout the year." Dandy’s, founded in 1826, employs 25 staff and has a £2.2m turnover. H&M Taylor is a long-established family business with more than 1,000 customers in Wirral, Cheshire, Flintshire and Denbighshire. Mike Scott, a partner at Yorkshire Bank’s Financial Solutions Centre, in Liverpool, said: "Dandy’s Topsoil is a well-established and well-run family business, which simply needed to secure a year-round revenue stream to finance its growth plans." |